Breakout from bull flag | 10 December 2013
10 December 2013, GBP/USD
GBP/USD has broken out of its flag continuation pattern and started to rise higher in line with the dominant up-trend. It is expected to continue rising until it reaches the next target at the 1.6550 resistance level. A break above the current column highs at 1.6470 would provide confirmation. Eventually it is expected to reach the target from the count taken from the long column of X's at the 26th November lows at 1.6680.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
